USDT's dominance seems to be more or less right in the flow of funds.
Touch 50MA on the daily chart and stay at your location.
If it rises above 50MA and rises above 1.92, the coin market will fall even further.
In the weekly chart, we expect the MACD to try to cross over.
USDT's dominance should fall below 1.70 before the coin market moves upward.
Bitcoin has been trading inside a falling wedge channel for more than 20 days while USDT dominance has been trading inside a rising wedge channel at that time. If USDT dominance can breakdown the rising wedge channel we can expect to pump the whole market.
USDT's dominance is expected to fall after breaking 100MA.
If all USDT funds are transferred to coin purchases, there will be a bull market.
In order to move into the bull market, I think it should fall below 1.43.
Bitfinex = Tether = USDT (same company)
It was 74% when they had 2.9 billion tethers. It’s probably even less now.
Ask yourself ...
Who is buying bitcoin?
Why was there more interest in Bitcoin in 2017 than in 2019?
Why did the price go up after imaginary tethers were printed?
Why did Bitfinex...
Throughout the years cryptos rise and bust, high volatility is the inherent attribute of crypto. Most price movement is driven by speculations from different types of investors. Among all cryptos, the tether USDT has been the most special crypto. Basically, it's the equivalent of US dollar, the main application of which is to act as USD to perform fiat function...
I think it's the USDT's dominance chart, which shows where money is going.
This is because many people use stable coins to buy and sell coins.
USDT's dominance fell below 1.70 due to a rise in BTC, and is now in place.
If USDT's dominance falls below 1.70, altcoins will rise and below 1.43, the entire coin market will lead the bull market.
The BTC led the USDT...
Divergence seems to signify trend here. When USDT is dumping BTC should pump, but if there's excess selling supply the response is anaemic, signifying a trending move coming. Conversely, when USDT pumps and BTC does not dump down as far as expected we see buy side has built up and trending play upwards opens up.
Conclusion: When we see big moves in tether whilst...
Dominance rose above 20MA.
I think the funds have been moved to USDT.
I want to move below 1.92 and transfer the funds to the coin.
As the Bollinger Bands are beginning to converge, I expect to see movement soon.
The current trend suggests that BTC's funds are turning to USDT.
If the USDT dominance falls below 1.70, the coin market is expected to be brisk.
As of October 6th, MACD has been reversed, showing a declining moisturizing effect.
Touching Ichimoku's baseline and rising, touching 20MA again and falling.
This is expected to continue and eventually fall below Ichimoku's baseline.
USDT should maintain its dominance by dropping 1.7 points, and if the price falls below 1.43, then it is expected to gain momentum.
There is a lot of funds in USDT at present.
The direction of the coin market will change depending on where this fund moves.
As USDT dominance falls below 1.7, the coin market is expected to move.
I just hope USDT will not update the maximum price.
How you can see, there is a clear Marketswitch in BTC Market switching over into usdt (a bit) but mostly into the Altmarket.
BTC Price with with nearly 70% dominance is falling gainst a altmarket excluding BTC, that ist rising since a week or so.
usdt dominance Candles showing a bearish Scenario for BTC.
The more usdt dominance is rising the more Money is...